Terrafame has strengthened its financing position
Terrafame’s financing arrangements consist of a repayment of EUR 142 million in shareholder loans to Galena and Mandatum through stock option exercises and entering into a EUR 250 million loan agreement from a Nordic bank club. As part of strengthening Terrafame Ltd’s (“Terrafame”) financing position, funds under the management of Galena Asset Management (“Galena”) and Mandatum Holding Ltd (“Mandatum”) have exercised stock options previously granted to them. The funds received from the stock options have been used to repay the EUR 142 million long-term term loans from Trafigura and